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Real Estate and Divorce

Pasadena Real Estate And Divorce Attorney

Real estate ownership and marriage are both serious commitments in the eyes of the law. If you, your spouse or both of you own houses, office buildings, investment properties or family farms, your divorce must result in a clear determination of who owns what.

Who Owns The Real Estate?

The name that is on the title of a piece of property usually indicates who owns it. However, the community property aspect of a marital estate may also have bearing on who has the right to own real estate after divorce.

What Will Happen When Property Is Divided In Divorce?

Equitable distribution of property in your California divorce will of necessity takes into account the value of real estate that either or both of you have title to. Property division can become complicated in some cases. It is not normally feasible to divide ownership of a piece of real estate. Most divorcing couples intend to untangle all financial interests through divorce. In some cases, people engaged in divorce are forced to sell real estate properties and divide the proceeds. If you hope to avoid doing this, talk to a family law attorney with ample experience handling high-asset divorces with complex marital estates.

Separate, Marital Or Co-Mingled Property?

Real estate that one or both of you owned before the marriage may be considered separate property. However, if co-mingled funds were used for maintenance of those properties, these real estate holdings may be partially or wholly marital property now. Did you use a joint bank account to pay property taxes on a family-owned vacation home? Did your spouse assist in cleaning or repairing a rental property that you brought into the marriage? Did you refinance any previously separately owned real estate property during the marriage?

Ask A Knowledgeable Family Law Attorney How Best To Move Your California Divorce Forward When Real Estate Is Involved

In these hypothetical examples, those properties — once separate property — may now be subject to property division as you approach your California divorce. The specific details in your case will determine the specific challenges you face with regard to real estate and divorce. Advice and representation by a highly experienced lawyer can help you discover ways to protect real estate assets if that is your objective.

Serving Area Communities Such As San Gabriel · Property Division · Lawyer Here To Help You Find Workable Solutions

When you are ready to put our Pasadena, California, family lawyers’ knowledge of divorce to work for you, know that we are here for you. Please be in touch to schedule your initial consultation at our law offices in Pasadena. Real estate and divorce? Lawyers of Kearney | Baker are prepared to advise you on how to proceed with the greatest prospects for a satisfactory outcome in terms of property division.

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